Common directors as executive or independent directors and buying one another share below 5% among their gang punya companies to escape scrutiny by the authorities... Many related party transactions or deals are hidden or not reported...
@Good123: Dielah Common directors as executive or independent directors and buying one another share below 5% among their gang punya companies to escape scrutiny…
BLee: Hi Bro @Good123, no need Dielah as Focus D last minute before lunch raised by 50% with very high volume. On Directors reporting, even owning 1 share needs to be reported as per "Directors’ interests in shares - The shareholdings in the Company and related corporations of those who were Directors at the end of the financial period, as recorded in the Register of Directors’ Shareholdings kept by the Company under Section 59 of the Companies Act 2016 in Malaysia" Happy Trading and TradeAtYourOwnRisk
Bila pengarah2 mau masuk penjara macam najib umno? Pakai dana Syarikat, beli syer penny related parties yang merugikan kan???? :)
Consolidated results for the financial period ended 30 Jun 2022 FOCUS DYNAMICS GROUP BERHAD
Financial Year End 30 Jun 2022 Quarter Other Quarterly report for the financial period ended 30 Jun 2022 The figures have not been audited Attachments Focus - Quarterly Report - 6th Quarter.File1.pdf 308.3 kBFocus - Quarterly Report - 6th Quarter.File2.pdf 548.3 kB Default CurrencyOther Currency Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2022
INDIVIDUAL PERIOD CUMULATIVE PERIOD CURRENT YEAR QUARTER PRECEDING YEAR CORRESPONDING QUARTER CURRENT YEAR TO DATE PRECEDING YEAR CORRESPONDING PERIOD Three Months Three Months Eighteen Months Eighteen Months 01 Apr 2022 To 01 Apr 2021 To 01 Jan 2021 To 01 Jan 2020 To 30 Jun 2022 30 Jun 2021 30 Jun 2022 30 Jun 2021 $$'000 $$'000 $$'000 $$'000 1 Revenue 14,929 13,714 60,237 0 2 Profit/(loss) before tax -72,231 3,016 -72,567 0 3 Profit/(loss) for the period -71,366 2,081 -74,707 0 4 Profit/(loss) attributable to ordinary equity holders of the parent -71,660 2,248 -75,147 0 5 Basic earnings/(loss) per share (Subunit) -1.12 0.04 -1.18 0.00 6 Proposed/Declared dividend per share (Subunit) 0.00 0.00 0.00 0.00
AS AT END OF CURRENT QUARTER AS AT PRECEDING FINANCIAL YEAR END 7 Net assets per share attributable to ordinary equity holders of the parent ($$) 0.0255 0.0288
Definition of Subunit: In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit. Example for the subunit as follows:
Country Base Unit Subunit Malaysia Ringgit Sen United States Dollar Cent United Kingdom Pound Pence
Announcement Info Company Name FOCUS DYNAMICS GROUP BERHAD Stock Name FOCUS Date Announced 30 Aug 2022 Category Financial Results Reference Number FRA-30082022-00046
KUALA LUMPUR: Bursa Malaysia has reprimanded Pasdec Holdings Bhd and seven of its directors for breaching the Main Market listing requirements.
Bursa said in a statement that the seven directors were imposed total fines of RM468,000.
The directors included Tan Sri Zulkiple Kassim who was fined RM61,800, Datuk Sri Tew Kim Thin and Tew Kim Kiat with fines totalling RM79,500 each.
Other directors were Sharina Bahrin, Datuk Sri Sharifuddin Ab. Ghani, Dauk Kamarul Arifin Ahmad @ Abd Rahman and Datuk Mohd Faizal Jaafar who were all fined a total of RM61,800 each.
Bursa noted Pasdec was reprimanded for failing to issue the annual report that included the audited financial statements together with the auditors' and directors' reports for the financial year ended Dec 31, 2019 (FY19) within the extended timeframe of July 31, 2020.
The company had only issued the annual report on October 27 2020, after a delay of 59 market days.
The company also failed to ensure that its fourth quarterly report for FY19 announced on Feb 28, 2020 took into account the adjustments stated in its announcement dated Oct 27, 2020.
"Pasdec had reported an unaudited loss attributable to owners of the company of RM16.362 million in the quarterly report announced on February 28, 2020 as compared to an audited loss attributable to owners of the company of RM27.502 million in the audited financial statements for FY19 announced on October 27, 2020.
"The difference of RM11.14 million represented a variance of 68.1 per cent," it said.
Bursa said Pasdec was required to carry out a limited review on its quarterly report submission.
"The limited review must be performed by the company's external auditors for four quarterly reports commencing no later from the quarterly report for the financial period ended September 30, 2022.
"In addition, Pasdec must ensure that all the seven directors and its relevant personnel attend a training programme in relation to compliance with the Main listing requirements pertaining to financial statements," it said.
KUALA LUMPUR: Bursa Malaysia has publicly reprimanded and fined six directors of Brem Holding Bhd for breaches of the listing rules.
In a statement, Bursa said the six directors had breached paragraph 8.23(2)(a)(i) read together with paragraphs 8.23(1)(a)(ii) & (iii) of the Main Market Listing Requirements (Main LR) as the latter failed to ensure that the payments/advances to GJH Prestige Sdn Bhd (GJHP).
"The payment totalling RM26.46 million (advances) were fair and reasonable to the company and not to the detriment of the company and its shareholders," it said.
"The finding of breach and imposition of the penalties on the directors of BREM were made pursuant to paragraph 16.19 (1)(b) of the Main LR," it said.
According to Bursa, the board of directors had totally relied on the managing director to ensure compliance of paragraph 8.23 of the Main LR and provided him with full authority.
This included not only to negotiate and finalise the terms and conditions of the acquisition of GJHP but also to make any payment to GJHP with no specific limit.
Bursa said a higher penalty was imposed on the managing director as he was in a key position to ensure that the advances complied with paragraph 8.23 of the Main LR in view of his primary
role/involvement in the negotiations and acquisition of GJHP and authorization/approval of the disbursement of the advances to GJHP.
"There was serious dereliction of duty by the managing director who not only failed to safeguard the interests of Brem and its shareholders.
"They also continued to approve the advances until August 22, 2019 without assessment and consideration of the requirements of the Main LR, including proper escalation and deliberation by the board if director," it said.
Bursa said a breach of paragraph 8.23 of the Main LR warranted deterrent penalties of a public reprimand and fine to underline the serious view taken by it.
@JJPTR: How a newbie can lose 95% of his capital buying penny stocks @12c ?
BLee: This can happen NOT only to penny stocks, some high flyer darling stocks of few ringgits at one time are penny stocks now or even delisted..So it is just investment risk.
Focus Dynamic Fundamental as at around Noon 12 Oct.,2022 Market Cap: 96 Million NOSH: 6,372 Million 4 Weeks Range: 0.015 - 0.02 52 Weeks Range: 0.015 - 0.055 T4Q P/E | EY: -1.08 | -92.19% T4Q NAPS | P/NAPS: 0.03 | 0.59
Last Financial exercise:- Entitlement: Preference Rights Ratio (New:Existing): 2.0000 : 6.0000 Rights Crediting Date: 04 Nov 2020
What did the above data represent? The 4 weeks range is NOT volatile and NO PP, ESOS and others fundraising for the last 2 years. The P/NAPS is less than 1, which means still undervalue ..the data don't lie. The cons are the few quarters losses due to investment in others counters, the FnB businesses are doing well..
For information, I am only holding Focus-PA and my average cost is less than 1 sen.
@Anaconder: Yr2023 is coming ,yet Ar2021 not out yet ?
BLee: Hi @Anaconder, as per link https://www.klsescreener.com/v2/announcements/view/3539537 Details extracted below:- "Remarks : The Directors of Focus has approved the change of financial year end from 31 Dec 2021 to 30 June 2022 ("Change"). The COVID-19 pandemic is causing unexpected disruption in the workplace and due to shortage of manpower which has affected the timeline for preparation and audit of the financial statements of the Company and its subsidiaries. The first set of accounts after the Change shall be for a period of 18 months from 1 Jan 2021 to 30 June 2022.", therefore AR for the 18 months period most likely won't extend until year 2023..Rgds
@Anaconder: Shenanigan going on. Sooner or later share I think share consolidation is on the way just like LKL
@Youngkid: In this IT world, cannot produce Ar on time..
@JJPTR: …b4 ex 200 big lots x 2c =$4000 rgt after ex 10 big lots x 20c=$2000 rgt ,lost 50% Now you have it ,50% wipe out on first day after ex 20:1..
BLee: Hi @Anaconder, @Youngkid and @JJPTR, I am NOT defending Focus D as I don't have any inside info. As a company changed the financial period, most likely "a delay tactic, but only can hide for a further six months". Audit is a very tedious task, it is a manual process verifying "IT process" such as stock taking which NO gadget can do. As in LKL opening ex-price today after consolidation, there is NO 50% wipe out..So are many others counters after consolidation. I cannot guarantee it will NOT drop back to a few sen, but fundamentals will improve per share basis.. Happy Trading and TradeAtYourOwnRisk
@Youngkid: Cannot even produce Ar on time better change name to Unfocus Dynamics
BLee: Hi @Youngkid, waiting for latest AR could be over by "Type of Meeting: General Indicator : Notice of Meeting Description : Focus Dynamics Group Berhad 19th Annual General Meeting Date of Meeting : 29 Nov 2022 Resolution 1 : To receive the Audited Financial Statements for the financial period ended 30 June 2022 and together with the Reports of the Directors and Auditors thereon"... Happy Trading and TradeAtYourOwnRisk
pihak berkuasa disini tak berupaya, tak macam singapore.
The Singapore High Court Thursday convicted Malaysian businessman and woman, John Soh Chee wen and Quah Su-Ling for market manipulation and cheating offences that led to the 2013 penny-stock crash.8 May 2022
Singapore High Court convicts two for $6B penny-stock ...https://www.jurist.org › news › 2022/05 › singapore-high... About featured snippets • Feedback
Soh Chee Wen & The Manipulation Of Penny Stocks in ...www.theedgemarkets.com' target='_blank'>https://www.theedgemarkets.com › article › soh-chee-w... 17 May 2022 — Soh Chee Wen & The Manipulation Of Penny Stocks in Singapore: Singapore court finds John Soh and partner guilty of share price manipulation.
Soh Chee Wen & The Manipulation Of ... - The Edge Marketswww.theedgemarkets.com' target='_blank'>https://www.theedgemarkets.com › article › soh-chee-w... 17 May 2022 — Soh Chee Wen & The Manipulation Of Penny Stocks in Singapore: A life of politics and corporate shenanigans · Subscribe to Mid-day email alert.
Banyak taik, ethical accountant tak mau bekerja dengan mereka kot? :p
@BLee
@Youngkid: Cannot even produce Ar on time better change name to Unfocus Dynamics
BLee: Hi @Youngkid, waiting for latest AR could be over by "Type of Meeting: General Indicator : Notice of Meeting Description : Focus Dynamics Group Berhad 19th Annual General Meeting Date of Meeting : 29 Nov 2022 Resolution 1 : To receive the Audited Financial Statements for the financial period ended 30 June 2022 and together with the Reports of the Directors and Auditors thereon"... Happy Trading and TradeAtYourOwnRisk
authority might investigate similar crash of focus, xox, mlabs, etc etc
SINGAPORE (Dec 28): John Soh Chee Wen — the accused mastermind of the 2013 penny stock crash — and his co-conspirator Quah Su-Ling were sentenced with 36 years’ and 20 years’ jail respectively.
Soh and Quah were on May 5 found guilty of several of the charges they were facing under three groups of criminal conspiracy including for forced trading, price manipulation and deception.
Soh was convicted of 180 of the 188 charges he faced while Quah was found guilty for 169 of the 178 charges she faced.
The two “long-term partners in both business and personal affairs” had been on trial since March 2019 for orchestrating the manipulation of three penny stocks, Blumont Group, Asiasons Capital and LionGold Corp — collectively known as BAL — between 2012 and 2013. The stocks crashed in October 2013 and destroyed some S$8 billion in market value.
The episode has been described as Singapore’s largest-ever case of share manipulation and involved 189 securities trading accounts held with 20 financial institutions and 60 individuals and companies.
The prosecution had previously sought 40 years' and 19 and a half years' jail for Soh and Quah respectively.
Selepas Victor Chin, Fail Peguam Mafia Korporat Chong Loong Men pula terbongkar
Kini fail peguam mafia Chong Loong Men pula dibongkar. Bekas DPP AG/SC itu menguruskan syarikat korporat mafia milik Victor Chin dan 3 lagi mafia korporat. Beliau memiliki saham dan dilantik BOD syarikat mafia. Chong Loong Men peguam dalang rampasan syarikat senaraian awam di negara ini. Mereka sudah merampas Classita Holdings Berhad dikuasai isteri Victor Chin Boon Long dan kini sedang merampas Revenue Group Berhad pada 13 Mac!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Good123
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Posted by Good123 > 2022-07-21 10:04 | Report Abuse
Dielah
Common directors as executive or independent directors and buying one another share below 5% among their gang punya companies to escape scrutiny by the authorities... Many related party transactions or deals are hidden or not reported...
Nanti kena terbongkar semua. Sabar ya!!!